Global Traffic Network Q4, FY 2006 Revenues, Net Losses Up

International traffic and news provider GLOBAL TRAFFIC NETWORK fiscal fourth quarter 2006 revenue jumped 47% to $5.6 million but the company went from a $0.3 million profit to a $1.2 million loss, blamed on startup costs for the company's operation in CANADA and news radio operations in AUSTRALIA. For fiscal year 2006, revenue rose 27% to $15.4 million but the company saw 2005's profit of $1.4 million turn into a net loss of $3 million.

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